On October 2, the Nibiru Foundation announced the launch of Nibiru Ventures, a strategic investment department focused on supporting native blockchain projects within the Nibiru ecosystem. Through funding support and guidance, Nibiru Ventures will nurture the next generation of developers, helping them bring their application visions to market.

While product and operational support are important, capital introduction and commitment have become resources that founders increasingly need when building applications. Whether the goal is multi-chain expansion or focusing on building on Nibiru, product integration requires investment in developers' time and personnel costs.

“The establishment of Nibiru Ventures is aimed at overcoming the challenges faced by ecosystem dApp founders and expanding the range of services offered by Nibiru, accelerating their development through early-stage funding and extensive support,” said Jonathan Chang, Chief Operating Officer of Nibiru Public Chain.

Chang emphasized that Nibiru Ventures aims to alleviate the initial risks of integrating applications onto new chains while ensuring synergy with the Nibiru chain, but will not impose exclusivity requirements on the chain. In addition, the team provides guidance on aspects such as company registration, introductions, fundraising, marketing strategies, and technical assistance.

Investment Strategy of Nibiru Ventures

In the Web3 space, creativity is abundant, but the path to widespread adoption requires applications that can provide practical utility. Nibiru Ventures focuses on supporting consumer-facing applications that can naturally spark broad interest and participation, rather than more obscure infrastructure projects.

Typical investments concentrate on seed rounds and early-stage financing, prioritizing projects with shorter time-to-market. Key focus areas include decentralized exchanges (DEX), lending, derivatives, and innovative models for structured product vaults.

“For Nibiru Ventures, these areas are particularly promising because they align with historical adoption patterns, share similarities with Web2 successes, and are supported by existing technological foundations, making them more constructive,” explained Unique Divine, co-founder of Nibiru.

Currently, a notable investment case for Nibiru Ventures is LayerBank, a decentralized multi-chain lending platform aimed at becoming a liquidity hub for all EVM-compatible Layer 2 and integrated chains. LayerBank has a total locked value (TVL) of over $675 million and significant growth potential. The platform will introduce cross-chain lending features in the fourth quarter of 2024, an innovation that will consolidate liquidity scattered across various Layer 2s into a unified liquidity pool.

To learn more about the application process for Nibiru Ventures and to apply for funding, please visit the application form. By applying, projects will have the opportunity to join a carefully curated portfolio. Nibiru Ventures seeks to collaborate with forward-thinking founders and teams to drive positive growth in Web3.

Nibiru Chain is a smart contract ecosystem with high performance and an EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain aims to meet the growing demand for multifunctional, scalable, and user-friendly Web3 applications. Nibiru has secured $20.5 million in strategic and seed round funding, backed by well-known investors such as NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.

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